Sokov Companys income statement information follows. 2014 2013 Net sales 2014: $420,000 2013: $266,000 Income before interest and taxes 2014: $115,000 2013: $83,000 Net income after taxes 2014: $55,320 2013: $63,900 Interest expense 2014: $9,450 2013: $7,750 Stockholders equity, December 31 (2012:$197,000) 2014: $313,000 2013: $243,000 Common stock, December 31 2014: $204,000 2013: $234,000 The average number of shares outstanding was 7,800 for 2014 and 6,880 for 2013.

a.

Price-earnings ratio (market prices: 2014, $69 per share; 2013, $78 per share). (Do not round intermediate calculations and round final answers to 2 decimal places.) Earnings per share : 2014: ______. 2015: _________

b.	Return on average equity. (Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Price earnings ratio: 2014: ________ times. 2013: ________ times